php as default "value" in html

hi... i have the following html line: <input type="text" name="referred" value=<?echo $old['Referred'];?> accesskey="d" id="id-referred"> the php variable $old['Referred'] was pulled from a mysql table. the full string that this variable holds is "I work for you..." but when used as a default value in an input text field for html the only part that shows up in the form itself is "I". is there anything going on that im missing somewhere??